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Category: Economy

Massachusetts subcontractor dies after being elect...

On Tuesday morning, Massachusetts first responders arrived at an AT&T building and found that a 44-year-old man had been electrocu...

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Dollar to Naira Black Market Exchange Rate Today

Today’s Dollar to Naira Black Market Exchange Rate— The continuing depreciation of the Naira against the US dollar has thrown ope...

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Official and Parallel Market Rates Converge as Nai...

The official and parallel market rates have converged days after the Central Bank of Nigeria released a new foreign exchange poli...

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NGX All-Share Index Crosses 60,000 Points for the ...

Equity trading on the Nigerian Exchange Limited (NGX) closed trading on Tuesday, June 27th, 2023, in the green territory as the N...

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Naira Depreciates to N776.9/$ at I&E Window, N793/...

The naira, on Friday, depreciated by 1.87 percent to close at N776.9/$ at the investors and exporters (I&E) window. Data from FMD...

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Naira Crashes to N860/$ at Parallel Market as Doll...

The naira has continued its downward spiral, falling to N860 per dollar at the parallel market on Wednesday. The figure represent...

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Starbucks leans into Apple, Microsoft, Amazon part...

Starbucks is counting on three of the world's biggest tech giants — Microsoft, Amazon and Apple — to help power a new growth sprin...

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FTX founder Sam Bankman-Fried’s biggest fear in ja...

A jury found FTX founder Sam Bankman-Fried guilty on all counts related to the last year's collapse of the cryptocurrency exchange...

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Customers at major US banks hit with deposit delay...

Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a sy...

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Panera to lay off more than 300 corporate employee...

Panera is trimming its corporate headcount, the Wall Street Journal reported on Wednesday. The move will reportedly impact 17% of ...

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Woman receives $7.1 million in lawsuit over cookin...

A woman received an eye-popping $7.1 million on Monday for damages in a Illinois lawsuit she filed over cooking spray-related inju...

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Bud Light parent Anheuser-Busch InBev's sales tumb...

Anheuser-Busch InBev reported a 17.1% decline in sales volume in North America in the third quarter as its Bud Light brand continu...

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Pfizer quarterly results hit by soft demand for CO...

Sales of the company's coronavirus vaccine Comirnaty dropped 70% during the third quarter compared with the same period a year ear...

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Elon Musk says Tesla aims to make 200,000 Cybertru...

Tesla CEO Elon Musk revised the EV-maker's production target for the Cybertruck to 200,000 annually with first deliveries to begin...

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Elon Musk wants X to be a 'fully fledged' dating a...

Billionaire Elon Musk is planning to expand X, formerly Twitter, to add "fully fledged" dating app functionality in 2024, accordin...

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EV market could become the 'next big flop': Econom...

Car companies falling victim to "EV mania" could see their market values be the "next big flop" to hit Wall Street – and thus, Ame...

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GM, UAW reach tentative agreement to potentially e...

The United Auto Workers union has reportedly reached a deal with General Motors on a new labor agreement after six weeks of striki...

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McDonald's CEO warns California minimum wage hike ...

McDonald's is warning that California's minimum wage hike to $20 an hour for minimum wage workers will have an impact on franchise...

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EVs create profit potholes for major US automakers...

The electric vehicle push by Ford and General Motors cut into both companies' profit margins which has the automakers revising som...

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Cruise pauses driverless vehicle operations across...

Self-driving car company Cruise is pausing the operations of its autonomous vehicle fleet amid an ongoing safety investigation in ...

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